Which of the following forms part of the definition of a financial liability?
A) Cash
B) An equity instrument of another entity
C) To deliver cash or another financial asset to another party
D) A contractual right to receive cash or another financial asset from another party

Question

Quizplus · Accepted Answer

A financial liability involves an obligation to deliver cash or another financial asset to another party.

Which of the Following Forms Part of the Definition of a Financial